Ordinance 3405-14 - Laserfiche WebLink

for redemption, plus interest accrued thereon, if any, to the date fixed for redemption, without premium. (b) Variable Rate Bonds. The Variable Rate Bonds are subject to redemption prior to their respective stated maturities by the City on any Business Day, in whole or in part in such amounts as are designated by the Designated Representative at a Redemption Price equal to the principal amount of Bonds called for redemption, plus interest accrued thereon, if any, to the date fixed for redemption, without premium. (c) Short-Term Rate Bonds. The Short-Term Rate Bonds are subject to redemption prior to their respective stated maturities, by the City on any Interest Payment Date for such Short-Term Rate Bonds, in whole or in part in such amounts as are designated by the Designated Representative at a Redemption Price equal to the principal amount of Bonds called for redemption, plus interest accrued thereon, if any, to the date fixed for redemption, without premium. (d) Long-Term Rate Bonds and Fixed Rate Bonds. Long-Term Rate Bonds are subject to redemption by the City on any Purchase Date therefor, and Long-Term Rate Bonds and Fixed Rate Bonds are subject to redemption by the City on any date after expiration of the applicable call protection period described below, as a whole or in part in such amounts and in such maturities as are designated by the Designated Representative at a Redemption Price equal to the principal amount of Bonds called for redemption, plus accrued interest, if any, to the date fixed for redemption, without premium. Length of Long-Term Rate Period or Initial Redemption Dates Years Remaining to Maturity as of (Anniversary of Fixed Rate Conversion Fixed Rate Conversion Date Date or Long-Term Conversion Date) Equal to or less than 10 years Not subject to optional redemption Greater than 10 years 10th anniversary -51- P\20287 CM1M20287 AMT 10/14/14